Feb 22, 2013 11:00pm PST
that our economy is no longer working for vast numbers of everyday people. the rich and powerful have more wealth and power than ever, everyone else keeps losing ground. between 2009 and 2011 alone, income fell for the 99%, while it rose 11% for the top 1%. since the worst of the financial crisis, all of the economic growth has gone to the top 1% while the rest of the country has floundered. stunning, isn't it? the behavior of many of those one percenters brought on the financial crisis in the first place. we turned around and rescued them, and now their wealth is skyrocketing once again. at the bottom, working people are practically flat on their back. president obama has finally recognized they need help. in his state of the union, he proposed an increase in the minimum wage. >> tonight let's declare that in the wealthiest nation on earth, no one who works full-time should have to live in poverty, and raise the federal minimum wage to $9 an hour. >> but as the economist dean baker points out this week, "if the minimum wage had risen in step with productivity growth, it would be over $16.
Feb 17, 2013 6:30pm PST
, masterminds of the mortgage-backed securities that almost sank the world economy. cantor's also the third largest recipient of money from the national rifle association in the house, which is one reason he's such a "big gun" there. senator robert menendez, democrat of new jersey, may be in hot water. he's currently under investigation for allegations that he improperly intervened with government agencies on behalf of a big donor. and there's fred upton, republican from michigan, chairman of the house energy and commerce committee. what a coincidence. the oil and gas industry is one of his top donors, helping him raise the $4 million dollars he spent last year to win re-election. senator kirsten gillibrand and senator chuck schumer, democrats of new york, have wall street as a constituent and patron. her biggest contributors include jpmorgan chase, morgan stanley, goldman sachs, and law firms that have advised them. his top donors include securities and investment firms, lawyers and legal firms, and lobbyists. and there are fleeting glances of some familiar faces here tonight seen recently